Finance Act 1996

37 Penalties for failure to notify

(1) In section 67 of the [1994 c. 23.] Value Added Tax Act 1994 (penalty for failure to notify liability to be registered under Schedule 1, etc.)—

(a) in subsection (1)(a), after “6” there shall be inserted “, 7”; and

(b) in subsection (3)(a), for “or 6” there shall be substituted “, 6 or 7”.

(2) Subject to subsection (3) below, subsection (1) above shall apply in relation to—

(a) any person becoming liable to be registered by virtue of sub-paragraph (2) of paragraph 1 of Schedule 1 to the [1994 c. 23.] Value Added Tax Act 1994 on or after 1st January 1996; and

(b) any person who became liable to be registered by virtue of that sub-paragraph before that date but who had not notified the Commissioners of the liability before that date.

(3) In relation to a person falling within subsection (2)(b) above, section 67 of the Value Added Tax Act 1994 shall have effect as if in subsection (3)(a) for the words “the date with effect from which he is, in accordance with that paragraph, required to be registered” there were substituted “1st January 1996”.